Digital Realty Trust, Inc. (DLR) Shares Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. boosted its position in Digital Realty Trust, Inc. (NYSE:DLR) by 53.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,464 shares of the real estate investment trust’s stock after buying an additional 1,910 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Digital Realty Trust were worth $618,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Parallel Advisors LLC increased its holdings in Digital Realty Trust by 18.0% in the second quarter. Parallel Advisors LLC now owns 972 shares of the real estate investment trust’s stock valued at $112,000 after buying an additional 148 shares during the last quarter. Muzinich & Co. Inc. increased its holdings in Digital Realty Trust by 37.1% in the first quarter. Muzinich & Co. Inc. now owns 1,414 shares of the real estate investment trust’s stock valued at $150,000 after buying an additional 383 shares during the last quarter. Westside Investment Management Inc. bought a new stake in Digital Realty Trust in the first quarter valued at about $160,000. Security National Trust Co. bought a new stake in Digital Realty Trust in the second quarter valued at about $164,000. Finally, AXA bought a new stake in Digital Realty Trust in the first quarter valued at about $200,000.

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Digital Realty Trust, Inc. (DLR) opened at 124.78 on Wednesday. The firm has a market capitalization of $20.24 billion, a P/E ratio of 50.68 and a beta of -0.01. Digital Realty Trust, Inc. has a 12 month low of $85.63 and a 12 month high of $127.23. The stock’s 50 day moving average price is $116.45 and its 200 day moving average price is $112.93.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $1.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.49 by $0.05. The company had revenue of $565.99 million during the quarter, compared to analyst estimates of $559.93 million. Digital Realty Trust had a net margin of 21.27% and a return on equity of 12.39%. The company’s revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the business posted $1.42 earnings per share. On average, analysts forecast that Digital Realty Trust, Inc. will post $1.56 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 2.98%. The ex-dividend date is Thursday, September 14th. Digital Realty Trust’s payout ratio is 148.21%.

In other news, insider Christopher Sharp sold 25,733 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $116.44, for a total transaction of $2,996,350.52. Following the completion of the sale, the insider now owns 25,733 shares of the company’s stock, valued at $2,996,350.52. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director William G. Laperch acquired 1,200 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were purchased at an average cost of $25.00 per share, with a total value of $30,000.00. Following the acquisition, the director now owns 1,200 shares of the company’s stock, valued at approximately $30,000. The disclosure for this purchase can be found here. Company insiders own 0.40% of the company’s stock.

Several analysts recently weighed in on the company. Wells Fargo & Company reissued a “market perform” rating on shares of Digital Realty Trust in a report on Monday, June 12th. Zacks Investment Research lowered Digital Realty Trust from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. KeyCorp reaffirmed a “buy” rating and set a $130.00 target price on shares of Digital Realty Trust in a report on Friday, August 25th. Cowen and Company reaffirmed a “buy” rating and set a $126.00 target price on shares of Digital Realty Trust in a report on Friday, August 25th. Finally, BidaskClub raised Digital Realty Trust from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Digital Realty Trust currently has a consensus rating of “Buy” and a consensus price target of $120.08.

About Digital Realty Trust

Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company is engaged in the business of owning, acquiring, developing and operating data centers. The Company is focused on providing data center and colocation solutions for domestic and international tenants across a range of industry verticals ranging from financial services, cloud and information technology services, to manufacturing, energy, healthcare and consumer products.

Institutional Ownership by Quarter for Digital Realty Trust (NYSE:DLR)

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